Orlando tourism industry hits record-high $92.5B economic impact

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The Central Florida travel and tourism industries reached a record $92.5 billion in economic impact for 2023, up 5.6% from the previous year’s $87.6 billion, according to Visit Orlando.

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Here’s a further breakdown of the tourism industry figures announced at this year’s Visit Orlando Insights Luncheon on Aug. 23, citing research produced by Oxford Economics company Tourism Economics:

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• Central Florida’s visitor spending increased 5.4% from $55.5 billion to $58.5 billion.
• The tax impact increased 5.3% to $6.6 billion, saving an average of $7,400 per household in taxes.
• The tourism industry has supported 464,000 direct and indirect local jobs, with nearly 284,000 directly from the tourism.

Click here to read the full story on the Orlando Business Journal’s website.

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